Nialis Jing, CFO of SES AI Corp (NASDAQ:NYSE:), a company currently valued at $375 million and trading at $0.93 per share, recently executed a series of stock transactions. according to InvestingPro The stock has seen significant volatility, falling more than 18% in the past week, data showed. On January 16, Jing sold 50,000 shares of Class A common stock at $1.02 per share, for a total of $51,000. This sale was part of a pre-established Rule 10b5-1 trading plan.
In addition to the sale, Jing exercised stock options to acquire 50,000 shares at a cost of $0.16 per share, equivalent to $8,000. Additionally, 12,693 shares were withheld to cover tax liabilities related to the grant of restricted stock units, valued at $1.04 per share, for a total of $13,200. Following these transactions, Jing has 1,932,629 shares in direct ownership.
In other recent news, SES AI has made great strides in its operations. The company introduced a new AI-enhanced cylindrical cell 2170 at CES 2025, designed primarily for use in humanoid robotics and high-power applications in robotics and drones. This innovative battery includes an electrolyte discovered through the Molecular Universe project, in collaboration with NVIDIA (NASDAQ:) and other partners.
The company also announced the successful completion of key safety tests for its 100MW lithium metal sample B cells during its Q3 2024 earnings call. These developments, along with the conclusion of supply agreements, are expected to bring :), great revenue. SES AI reported a strong financial position, ending the third quarter with $274 million in liquidity, ensuring a strong balance sheet through 2028.
However, the company also announced the immediate resignation of Board Member Brian Krzanich, after he was appointed as its CEO. Sirence Company (Nasdaq:). The impact of this transformation on the company's governance and strategic direction remains to be seen. These are the latest developments in SES AI Corporation's operations.
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